Cenergy is proceeding with a share capital increase of up to €200 million with the cancellation of the existing shareholders' preferential rights, subject to the approval of the relevant prospectus. 

As stated in the invitation, the key points are as follows: 

• A capital increase of up to a maximum amount of €200 million (including the issue of shares at par) through a public offering of New Shares in Belgium and Greece, excluding private placements in various jurisdictions.
• Maximum price of €9.86 per new share.
• The net proceeds from the capital increase will be used, among other things, for general corporate purposes, to finance the first phase of the group's planned construction of a cable manufacturing facility in Baltimore, Maryland, and, if the group determines it requires it, to finance additional improvements and capacity expansion of the group's existing facilities in Greece.
• To remove the statutory pre-emption rights of the existing shareholders of the company and to apply a preferential allocation to existing minority shareholders of the company. The Record Date (as defined below) for the Preferred Allocation is 7 October 2024 (after the close of Euronext Brussels).
• Right to receive dividends: the New Shares will rank pari passu with all existing Shares of the Company in respect of the receipt of any dividends that may be declared and paid for the financial year ending 31 December 2024 and for future financial years.
• The offer is expected to commence in the coming days, and delivery of the new shares is expected to be completed around mid-October, subject to market conditions.
• Goldman Sachs International is acting as exclusive general coordinator and co-manager for the offer (the "exclusive general coordinator").